SEC Filings: Circuit City and Guitar Center
Circuit City's recently filed quarterly report says the national retailer's "comparable store sales of video software and music software declined by double digits." The earnings release, for the quarter ending August 31, 2007, shows a net loss of $62.8 million on revenues of $2.644 billion.
Guitar Center's Ex. 99.1 filing yesterday reported news that the company's merger with Bain Capital Partners, LLC was approved at a special meeting of its stockholders earlier this week. Stockholders will receive $63 cash for each share of common stock held at the merger date. Guitar Center had net sales of $519 million and net income of net income of $9.6 million last quarter.
[music jobs] Director of Content at Dada Entertainment; New York, NY.
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